Housing Developer II

Housing Developer II

South Metro Housing Options is a non-profit organization, providing clean, safe, affordable housing for families, students, professionals, seniors, and disabled adults in Littleton and Arapahoe County, Colorado. SMHO currently assists more than 1,400 households to benefit our community. Our Mission is to strengthen communities with creative opportunities for diverse housing alternatives.

SMHO is looking for a self-motivated, detail-oriented team player to join as Housing Developer II. This position is responsible for managing all aspects of affordable housing (LIHTC) development projects, including but not limited to, feasibility, due diligence, acquisition, entitlement, design and construction management, planning, zoning, community outreach, resident engagement, design, entitlements, obtaining financing, development, operating budgets, and closing to achieve successful completion, and close-out.

Job Type: Full Time

Starting Pay: $103,000 to $114,000 per annum dependent upon skills and experience.

Job Duties

Project Development and Management

• Lead multiple housing development projects through all phases: site selection, due diligence, design, financing, construction, and stabilization.
• Manage initial financial feasibility analysis, proformas, overseeing design development, securing all necessary financing, procuring and contracting with all third party consultants, and overseeing construction efforts and timeline.
• Develop and maintain project schedules, budgets, and financial projections.
• Identify risks and implement mitigation strategies throughout the development lifecycle.
• Ensure timely completion of projects within budget and scope.

Site Acquisition and Feasibility

• Develop feasibility analyses for new development opportunities;
• Identify potential development sites/projects
• Negotiate land purchase agreements and manage due diligence processes.
• Develop preliminary operating cost estimates. Identify sources for pre-development financing and, as necessary, create application to those sources.
• Coordinate and review site due diligence, including utilities, easements, ESA Phase I, and proximate amenities; participate in preliminary site and architectural concept development; assess existing buildings and infrastructure (if applicable).
• Identify potential permanent funding sources for individual projects.
• Identify and analyze SMHO's exposure and risk; including financial, political, and community aspects.

Financial Structuring and Funding

• Structure complex financing packages, including public and private funding sources (e.g., tax credits, grants, debt, equity).
• Identify project investor(s) and lender(s), in collaboration with Director of Real Estate Development.
• Prepare financial models, pro-forma and financial analysis of properties for development or acquisition/redevelopment as applicable.
• Prepare applications for competitive funding sources including; tax credit allocation, grants, and funding from City, County, State and Federal agencies as appropriate.
• Negotiate and close all agreements associated with project development funding.
• Summarize terms of all financial agreements for use by development, property management and finance departments.
• Prepare debt and equity financing applications, support the team in closing debt and equity financing documents, and due diligence documents required by lenders and investors in connection with refinancing or financial closing.
• Refine and update financial models throughout the development process.
• Close out funding sources at completion of project development.
• Monitor financial performance and prepare reporting for stakeholders.
• Notify community groups and neighbors of intent to develop or purchase project, and maintain ongoing communication with neighborhood interests during design and development.

Design and Construction Oversight

• Supervise third party contractors, including architect, engineers, and consultants
• Manage and direct architect and engineers to implement development program at building and site scales; communicate design standards and program requirements;
• Prepare and submit entitlement development applications, working with City officials and participate in community outreach and public hearings.
• Create and manage City applications and processes.
• Estimate project costs and ensure conceptual design is within budget.
• Create bid and qualifications processes to select general contractor; attend construction job site meetings

Stakeholder and Relationship Management

• Work with Asset Manager and the Compliance Department to coordinate initial lease-up, construction close-out, and punch-list and warranty items.
• Work with the Procurement Specialist to prepare and evaluate RFQs & RFPs.
• Support community development planning efforts working closely with the team, community residents and partners
• Attend OAC meetings.
• Attend site visits to properties under construction or renovation.
• Oversees construction process or small to medium sized projects.
• Works with property management staff and Real Estate Development team to identify capital improvement opportunities; and identify maintenance and replacement projects and manage those projects.

Managing Consultants

• In conjunction with environmental consultants complete the following work:
• Facilitate all environmentally related due diligence efforts including research of historic land uses on-site and nearby properties.
• Review Phase I and II reports, reliance letters and other documentation.
• Maintain communication with regulatory agencies as needed.
• Upon receipt of funds, complete all environmental review and public notification process as required by funding agencies.
• Resolve environmental challenges at existing properties and in new construction sites.
• Provide environmental perspective on new development and major renovation planning efforts.
• Obtains building permits and other public approvals.
• In collaboration with sustainability consultants:
• Plan and implement best practices.
• Research and recommend sustainability improvements.
• Analyze progress against development schedules and update schedules as needed.
• Prepare internal and external development reports.
• Assist Real Estate team and senior staff with special projects and other duties as assigned.
• Other duties as assigned.

Job Qualifications

• Bachelors degree in Real Estate, Business, Finance, Urban Planning or related field from an accredited college. OR
• 3-5 years of related work experience in real estate development, with the focus on affordable housing.
• Demonstrated experience closing LIHTC deals and managing projects through full life cycle.

Knowledge/Skill/Ability

• Strong organizational skills and ability to coordinate and prioritize tasks and meet deadlines.
• Attention to detail.
• Excellent written and oral communication skills
• Ability to communicate effectively with the public.
• Strong meeting facilitation skills and ability to work well with people from all sectors of a very diverse community, as well as within the organization.
• Ability to demonstrate good judgement and make decisions independently.
• Excellent computer skills, including experience with financial analysis using Excel or similar spreadsheet program is required.
• Experience conducting research and analysis.
• High degree of self initiative with ability to seek out relevant information. Ability to work independently and proactively, solve problems, and take responsibility for moving tasks forward.
• Knowledge of technical issues and practices in multiple areas related to project management, environmental management, energy conservation and sustainability practices.
• Must have a good understanding of project management and organization, budgeting, and scheduling.
• Must have the ability to analyze problems, identify alternative solutions, evaluate consequences of proposed actions, and formulate and present recommendations to diverse groups with differing degrees of knowledge.
• Must demonstrate regular and reliable attendance.
• Must be able to interact with others in a positive and professional manner.

South Metro Housing Options provides equal employment opportunities to all qualified employees and applicants for future and current employment and prohibit discrimination on the grounds of race, color, religion, sex, national origin, age, marital status, genetic information, disability, sexual orientation, gender identity or gender expression. We prohibit discrimination in decisions concerning recruitment, hiring, referral, promotion, compensation, benefits, job training, termination or any other condition of employment.

At South Metro Housing Options, we are committed to ensuring our recruitment process is accessible to all. If you require reasonable adjustments to be made during the recruitment process then please inform Human Resources.

This position will be posted until filled.

Please send your resume to mmanandhar@smho.co.

Disclosure: As a condition of employment, candidates are required to submit to criminal background check and drug screen.